February 2, 2012: A bill will be introduced in the House of Representatives which will make the large companies in the United States to reveal the number of job they have inside US and that are outsourced. This is an attempt made by the representatives to ascertain the actual number of American jobs that are being outsourced.
The data related to the number of jobs that are outsourced is kept undisclosed by many of the leading companies in the United States. Such companies include Pfizer and IBM. The data made available to the public by these corporations discloses only the total number of employees and do not give a clear picture of how many jobs are based in US and how many are outsourced. However other data sources reveal that these corporations have scrapped 2.9 million jobs in the US and created 2.4 million jobs outside.
The Outsourcing Accountability Act would make it mandatory for the corporations with revenue above USD 1 billion to disclose the number of employees in the United States with a state wise break down of the figure and the number of jobs in other countries with a country wise break down. The firms will also need to calculate the percentage of rise or decline in the numbers compared to the previous year.
Rep. Gary Peters says that this is an easy task for the companies as this information is readily available with them.
There are companies in the United States who have maintained secrecy with regard to the numbers and have gone for tax breaks in the name of job creation. This was reported by The Washington Post in August 2011. The lack of data with respect to each company in terms of location of jobs makes it difficult for lawmakers to find which company is adding jobs in the United States.
Some of the big companies in the United States have already disclosed the number of employees they have in US and overseas. Two of the prominent companies that disclosed such data are General Electric and Wal-Mart. As far as GE is concerned the number of jobs created in the US soil has declined from 54 per cent to 46 per cent.
The increase in unemployment has forced President Obama to discuss with leading corporate executives to generate ideas on how to create jobs.
According to Rep. Peter, the bill contains provisions to give incentives to companies that will create jobs in the United States.